Merger & Acquisition

In November, Delhivery filed draft papers with the Indian market regulator to raise USD 988 million (INR 74.6 billion) through an IPO.

Screenovate develops a screen duplication solution that enables smartphone screens to be projected onto TVs and computers.

In the first nine months of 2021, Indian edtech startups raised USD 3.3 billion compared to a total of USD 2.22 billion in 2020.

Byju’s has set aside USD 1 billion to invest in the American edtech market over the next three years.

GradeUp is the eighth acquisition by Byju’s this year, and second in the exam prep space overall.

The handshake between the two payment gateway giants will make PayU one of the largest online payment providers locally and globally by total payment volume.

A host of companies like Lenskart and Dream Sports, which entered the unicorn club in the last few years, are expected to drive strategic investments in startups.

Spoton is the second acquisition by Delhivery this year. In March, it scooped up Primaseller, a California-based SaaS company providing order management software for omnichannel retailers.